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Anheuser-Busch InBev S.A. ADR underperforms Wednesday when compared to competitors

author by author
September 19, 2023
in Markets
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The Anheuser-Busch InBev S.A. ADR
BUD,
+1.35%
slid 0.83% to $55.05 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
+0.07%
falling 0.76% to 4,404.33 and Dow Jones Industrial Average
DJIA,
+0.02%
falling 0.52% to 34,765.74.

This was the ADR’s second consecutive day of losses.

Anheuser-Busch InBev S.A. ADR closed $12.04 short of its 52-week high ($67.09), which the company achieved on March 31st.

The ADR demonstrated a mixed performance when compared to some of its competitors Wednesday, as Kirin Holdings Co. Ltd. ADR
KNBWY,
+0.28%
fell 0.07% to $13.61, San Miguel Corp.
SMGBF,
-1.84%
fell 3.14% to $1.85, and Compania Cervecerias Unidas S.A. ADR
CCU,
-0.97%
fell 0.13% to $15.39.

Trading volume (1.5 M) remained 882,614 below its 50-day average volume of 2.4 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Tags: Alcoholic Beverages/Drinksarticle_normalBeverages/DrinksBrewingFood/Beverages
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